Celebrities

Shakira's Financial Triumph: Settles £24 Million Tax Spain

Shakira's Financial Triumph: Settles £24 Million Tax  Spain
Published 2 years ago on Nov 20, 2023

Colombian sensation Shakira resolves tax evasion case with Spanish authorities, shedding light on her remarkable wealth from music, tours, and lucrative deals.

The house, on an exclusive gated residential estate in Esplugues de Llobregat around a half-hour drive from Barcelona city centre, boasts its own recording studio and gym (pictured under construction in 2013)

Pop icon Shakira recently reached an agreement with Spanish authorities to avoid a trial in Barcelona over allegations of failing to pay £12.5 million (€14.5m) in taxes. The prosecutor initially sought an eight-year and two-month prison sentence and a £21 million (€24m) fine, but it seems Shakira has managed to settle the matter by repaying the full amount plus £2.6 million (€3m) in interest. The court imposed a £6.4 million (€7.3m) fine, and she will pay £378,000 (€432,000) to avoid jail, bringing the total to approximately £21.8 million (€25m) euros. While these figures may seem substantial, they represent a fraction of Shakira's reported net worth of around £240 million ($300m or €274m).

In addition to her own music making, Shakira served as a coach on the American series 'The Voice' for two seasons, from 2013 to 2014. In 2013, it was reported that she earned $12 million for her work on the show

Shakira, born Shakira Isabel Mebarak Ripoll in Barranquilla, Colombia, began her journey to stardom at a young age. Despite initial skepticism about her voice, she recorded her first single, "Magia," at the age of 14. Her breakthrough came with the 1996 album "Pies Descalzos," solidifying her status as Latin America's biggest pop star by the age of 22.

To expand her global reach, Shakira embraced English music at the advice of Gloria Estefan, resulting in the 2002 bilingual album "Laundry Service," which sold 20 million copies worldwide. Over the years, she delivered hits like "Whenever, Wherever" and "Hips Don't Lie," becoming a global superstar. Her accolades include over 945 award nominations and 500 wins across prestigious platforms such as the Latin Grammy Awards and the Grammy Awards.

Shakira and Gerard Pique announced in May they had split after 11 years and two children together (pictured in 2011 at the FIFA Ballon D'or awards)

In addition to her successful music career, Shakira served as a coach on the American series "The Voice" from 2013 to 2014, reportedly earning $12 million for her two-season stint. Her lucrative deals with Live Nation, sponsored tours, and a publishing catalogue sale to Hipgnosis Songs Fund for a reported $100 million further contributed to her financial success.

Despite financial challenges, including being named in the 'Pandora Papers' and a high-profile split from Spanish footballer Gerard Pique, Shakira's resilience shines through. Her recent revenge song, viewed by millions, demonstrates her ability to overcome personal struggles through her art. The pop sensation continues to shape her legacy as one of the most successful Latin artists in history.

Shakira poses with the Song of the Year award onstage during The 24th Annual Latin Grammy Awards on November 16, 2023

Shakira Tour 2024

Shakira Embarks on World Tour 2024: Dates, Rumors, and Everything You Need to Know

Global superstar Shakira is gearing up to take the world by storm with her highly anticipated World Tour 2024! Here's everything we know so far:

Official Announcement Awaited

While Shakira hasn't officially confirmed the tour dates yet, rumors have been swirling for months. Social media is abuzz with speculation, and industry insiders hint at a massive global tour spanning continents.

Latin America on Fire?

Shakira's roots lie in Latin America, and many fans believe a South American leg will be a centerpiece of the tour. Cities like Shakira's native Barranquilla, Colombia, alongside Buenos Aires, Argentina and Rio de Janeiro, Brazil are frequently mentioned as potential tour stops.

Latest News

Colombian sensation Shakira resolves tax evasion case with Spanish authorities, shedding light on her remarkable wealth from music, tours, and lucrative deals.

The house, on an exclusive gated residential estate in Esplugues de Llobregat around a half-hour drive from Barcelona city centre, boasts its own recording studio and gym (pictured under construction in 2013)

Pop icon Shakira recently reached an agreement with Spanish authorities to avoid a trial in Barcelona over allegations of failing to pay £12.5 million (€14.5m) in taxes. The prosecutor initially sought an eight-year and two-month prison sentence and a £21 million (€24m) fine, but it seems Shakira has managed to settle the matter by repaying the full amount plus £2.6 million (€3m) in interest. The court imposed a £6.4 million (€7.3m) fine, and she will pay £378,000 (€432,000) to avoid jail, bringing the total to approximately £21.8 million (€25m) euros. While these figures may seem substantial, they represent a fraction of Shakira's reported net worth of around £240 million ($300m or €274m).

In addition to her own music making, Shakira served as a coach on the American series 'The Voice' for two seasons, from 2013 to 2014. In 2013, it was reported that she earned $12 million for her work on the show

Shakira, born Shakira Isabel Mebarak Ripoll in Barranquilla, Colombia, began her journey to stardom at a young age. Despite initial skepticism about her voice, she recorded her first single, "Magia," at the age of 14. Her breakthrough came with the 1996 album "Pies Descalzos," solidifying her status as Latin America's biggest pop star by the age of 22.

To expand her global reach, Shakira embraced English music at the advice of Gloria Estefan, resulting in the 2002 bilingual album "Laundry Service," which sold 20 million copies worldwide. Over the years, she delivered hits like "Whenever, Wherever" and "Hips Don't Lie," becoming a global superstar. Her accolades include over 945 award nominations and 500 wins across prestigious platforms such as the Latin Grammy Awards and the Grammy Awards.

Shakira and Gerard Pique announced in May they had split after 11 years and two children together (pictured in 2011 at the FIFA Ballon D'or awards)

In addition to her successful music career, Shakira served as a coach on the American series "The Voice" from 2013 to 2014, reportedly earning $12 million for her two-season stint. Her lucrative deals with Live Nation, sponsored tours, and a publishing catalogue sale to Hipgnosis Songs Fund for a reported $100 million further contributed to her financial success.

Despite financial challenges, including being named in the 'Pandora Papers' and a high-profile split from Spanish footballer Gerard Pique, Shakira's resilience shines through. Her recent revenge song, viewed by millions, demonstrates her ability to overcome personal struggles through her art. The pop sensation continues to shape her legacy as one of the most successful Latin artists in history.

Shakira poses with the Song of the Year award onstage during The 24th Annual Latin Grammy Awards on November 16, 2023

Shakira Tour 2024

Shakira Embarks on World Tour 2024: Dates, Rumors, and Everything You Need to Know

Global superstar Shakira is gearing up to take the world by storm with her highly anticipated World Tour 2024! Here's everything we know so far:

Official Announcement Awaited

While Shakira hasn't officially confirmed the tour dates yet, rumors have been swirling for months. Social media is abuzz with speculation, and industry insiders hint at a massive global tour spanning continents.

Latin America on Fire?

Shakira's roots lie in Latin America, and many fans believe a South American leg will be a centerpiece of the tour. Cities like Shakira's native Barranquilla, Colombia, alongside Buenos Aires, Argentina and Rio de Janeiro, Brazil are frequently mentioned as potential tour stops.

Comments

  • Written news comments are in no way https://www.showbizglow.com it does not reflect the opinions and thoughts of. Comments are binding on the person who wrote them.